Latest Realty News

BANGALORE: Real estate sector expects growth to come with clear mandate to one party.“With so much riding on the general elections, we are happy that the results indicate a stable and progressive government coming in place. The last couple of years were not the best years for the Indian real estate, and the slowdown impacted all asset classes,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.

BANGALORE: I live in a centrally located area of Bangalore. A canal bifurcates the main road into the ‘rich’ and ‘poor’ areas. On the affluent side of the canal, hotels, restaurants and highrises dot the street. The real estate rates hover between Rs 12,000 and Rs 15,000 a square feet. On the other side – home to a garbage dump – the rates are about Rs 3,000 a square feet.

DELHI: I live in a centrally located area of Bangalore. A canal bifurcates the main road into the 'rich' and 'poor' areas. On the affluent side of the canal, hotels, restaurants and highrises dot the street. The real estate rates hover between Rs 12,000 and Rs 15,000 a square feet. On the other side - home to a garbage dump - the rates are about Rs 3,000 a square feet. I clearly know which side of the street offers a better quality of living, but how does one decide which side of the street is a

BANGALORE: For the first time in many years, it is not politicians with interests in real estate or the mining industry who are topping the wealth charts in the list of candidates who have filed their nominations for the 2014 Lok Sabha polls from Karnataka.

BANGALORE: As more and more American manufacturing companies shift production to the US and reduce their reliance on low-cost labour in China, Indian technology outsourcing companies are expecting a big boost in revenues from their manufacturing clients.

BANGALORE: Bharathi Veerath is Google-funded luxury cab service Uber's first woman driver.Veerath took Biocon CMD Kiran Mazumdar-Shaw for a spin in her brand new Ford Fiesta and received a pat for her driving skills. "Great to see Uber getting women drivers on board -- just met Bharathi, a very confident n safe driver. All the best!" Shaw tweeted after the joyride in the Biocon campus.

BANGALORE: Declaring that he would meet the Governor soon to demand action against Energy Minister D K Shivakumar, social activist S R Hiremath on Friday accused the minister of buying 10 acres of land allotted for a layout in Kodigehalli.

BANGALORE: Krishna Homes, real estate business of KEPL Corporation is geared up to welcome new year with three super luxury, niche projects in North Bangalore in the first quarter of 2014 signalling the aggressive growth plans of Real Estate sector in the upcoming year.

BANGALORE: Supertech Limited, North India’s leading real estate developer is now entering to the Southern part of India with its first project, Micasa in Bengaluru. Supertech today announced its first residential project in the city which will have ‘Spanish Styled apartments’ at Thanisandra Road in North Bengaluru.

BANGALORE: Today the real estate sector is focusing on providing all amenities and comforts in both Tier I and Tier II cities. It has acquired many aspects of development across its sub-sectors. The commercial realty sector has turned into smart and eco-friendly structures. The retail sector is rapidly growing with dense show stores at high-end market locations. They differentiate their stores by investing in innovative formats ranging from food, discounts to convenience stores. The residential

BANGALORE: Bangalore is expected to see the second-highest office space absorption in Asia Pacific (Apac) region for 2014 after Tokyo, according to real estate services firm Cushman & Wakefield. According to the report, the southern metropolis is set to absorb 5.6 million square feet (msf) office space, a growth of 16% over the previous year, with most of the demand coming from the expansion of the IT, ITeS industry.

BANGALORE: Karnataka's plan to build a new information technology hub close to the new international airport on the outskirts of Bangalore is yet to take off, with slow pace of land acquisition exacerbated by rising land costs.

BANGALORE: Multinational information technology companies are on a property hunting spree across major Indian cities as they expand offices and hire more people to run them. The brisk investment flow has come as a blessing for the real estate sector, which has been struggling with falling sales and rising inventories for the last two year

BANGALORE: The dispute between Wipro and Bangalore city authorities has erupted again with both planning to approach the courts over property tax that the city's civic body claims the technology services company owes it.

BANGALORE: The actual market value of one square foot of land on 11th Main in Jayanagar IV Block is Rs 40,000. But the guidance value fixed by the government is just Rs 11,000. All property transactions on this lane are registered on the guidance value – legally the right thing to do though it ends in substantially less money flowing into the government’s coffers.

BANGALORE: Office markets in India registered a downward trend in absorption in the first half of the year. The total net absorption across top eight cities in H1 2013 was noted at 10.9 mn sft, a decline of 15% compared to the same period last year, says Cushman & Wakefield in its latest report.

BANGALORE: The north of the city continues to witness a surge in demand for office and residential spaces. Though sizeable chunks of land have already been designated for an aerospace, IT and BT Special Economic Zone (SEZ) the demand from private players for realty development is huge.

BANGALORE: Ever wondered why we, as citizens, have no say in fixing property-tax slabs? Here’s why. For two years, the Karnataka government has been sitting on the formation of property tax board, which was proposed to ensure transparency in fixing tax slabs for residential, commercial and other establishments.